Conversely, your business may itself buy raw materials or necessary services on credit, and may owe some money payable to other vendors in the course of business. This money owed is called accounts payable, AP.
Accounts receivable are recorded as assets in the balance sheets of the business, while the accounts payable are listed as liabilities.
Obviously, AR and AP have a great effect on your cash flow situation, and needs proper management to ensure business growth and flow of funds, and our expert team can guide and help you in this regard by providing the best management solutions at affordable pricing.
Our AR/AP management services will help you to:
Improve your cash flow situation
Save your time and money
Focus on core competencies and improve productivity